Gmr Power And Urban Infra Ltd · NSE:GMRP&UI

Gmr Power And Urban Infra — GMR Infrastructure — Q3 FY2016 Earnings Presentation

28 slides from Gmr Power And Urban Infra's earnings presentation, February 2016

  1. Slide 1: GMR Infrastructure Ltd Financial Presentation

    GMR INFRASTRUCTURE LTD Financial Presentation for the quarter ended Dec 31, 2015 0

  2. Slide 2: Table of Contents

    Table of Contents Particulars Pg. No.  Consolidated Financial Performance … 2  Airports Sector … 8  Energy Sector … 19  Highways Sector … 23 Disclaimer: Totals in some columns / rows may not agree due to rounding off. 1

  3. Slide 3: Consolidated Financial Performance

    Consolidated Financial Performance 2

  4. Slide 4: Performance Highlights

    Performance Highlights  EBITDA during Q3FY16 and 9MFY16 stood at Rs 14.0 bn and Rs 31.5 bn, an increase of 109% and 68% YoY respectively. This was primarily on account of improved performance of the Energy and Airport sectors o EBITDA Margins improved to 48% during the quarter from 30% in Q3FY15 

  5. Slide 5: Key Indicators (Quarter)

    Key Indicators (Quarter) Rs mn EPC Others 29,312 Net Revenue 2% 2% Sectorwise Breakup Highways 25,266 Sector 6% Airport Sector 22,254 37% Net Revenue Energy Sector 53% Q3FY2016 Q2FY2016 Q3FY2015 Q3 FY2016 EPC Others 13,991 EBITDA 0% 3% Highways Sectorwise Breakup Sector 9% 9,000 Airport Sector 46% E

  6. Slide 6: Key Indicators (YTD)

    Key Indicators (YTD) Rs mn EPC Others 78,597 Net Revenue 1% 2%Sectorwise Breakup Highways 66,543 Sector 8% Net Revenue Airport Sector 38% Energy Sector 51% 9MFY2016 9MFY2015 9M FY2016 Others 31,543 EBITDA EPC 4% 0% Sectorwise Breakup Airport Sector Highways 54% Sector 12% 18,744 EBITDA Energy Sector

  7. Slide 7: Consolidated Profitability Statement

    Consolidated Profitability Statement Rs mn Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Airports 17,017 15,024 14,213 47,244 40,309 Power 15,608 13,048 10,618 40,143 32,808 Roads 1,927 2,010 1,860 6,012 5,739 EPC 577 250 302 989 1,184 Others 2,108 1,773 1,940 5,725 5,204 Less: Inter Segment (1,595)

  8. Slide 8: Key Balance Sheet Analysis

    Key Balance Sheet Analysis Rs mn Rs mn Gross Block as on Dec 31, 2015 Total: Net Block as on Dec 31, 2015 Total: Others 583,048 Others 489,160 5% 5% Roads Roads 11% 11% Airport 28% Airport 25% Power Power 56% 59% Rs mn Dec 31, 2015 Mar 31, 2015 482,570 468,780 402,477 394,885 80,094 73,895 Gross Deb

  9. Slide 9: Airports Sector

    GAR Airports Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:

  10. Slide 10: Highlights

    Highlights Delhi Airport (DIAL)  Significant passenger growth of 16% YoY to 35.3mn in 9MFY16; Traffic during Dec’15 stood at 4.43mn, highest ever in a month  Total revenues grew 14% YoY to Rs 35.4 bn, buoyed by robust growth in Aero revenues which grew 19% YoY  EBITDA margins improved by 500bps Y

  11. Slide 11: Airports Sector Consolidated: Financial Performance

    Airports Sector Consolidated : Financial Performance Rs mn Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Aero Revenue 9,524 8,210 7,568 26,080 21,336 Non Aero Revenue 6,458 5,775 5,562 18,056 15,650 Cargo 793 793 806 2,346 2,506 CPD Rentals 243 246 277 761 817 Gross Revenue 17,017 15,024 14,213 47,24

  12. Slide 12: Delhi International Airport: Financial Performance

    Delhi International Airport : Financial Performance Rs mn Particulars Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Aero Revenue 8,742 7,860 7,694 24,616 20,741 Non Aero Revenue 3,215 2,767 2,641 8,841 8,308 Cargo Revenue share 384 435 393 1,218 1,217 CPD Rentals 227 233 248 717 740 Gross Revenue 12,

  13. Slide 13: Delhi International Airport: Operational Performance (Quarter)

    Delhi International Airport : Operational Performance (Quarter) Passenger (Mn) 93.78 ATM ('000) 12.53 89.25 Domestic International Domestic International 80.39 22.74 11.31 22.84 19.71 10.48 3.80 3.22 71.03 66.41 60.67 3.55 Q3FY2016 Q2FY2016 Q3FY2015 ATMs grew 17% YoY Cargo ('000) Domestic Internatio

  14. Slide 14: Delhi International Airport: Operational Performance (YTD)

    Delhi International Airport : Operational Performance (YTD) Passenger (Mn) ATM ('000) Domestic International Domestic International 270.64 244.74 35.29 65.98 59.21 30.30 10.31 204.66 185.53 9.96 9MFY2016 9MFY2015 ATMs grew 11% YoY Cargo ('000) 589.90 Domestic International 523.30 24.98 20.34 367.57

  15. Slide 15: Delhi International Airport: Revenue Analysis (Rs per pax)

    Delhi International Airport : Revenue Analysis (Rs per pax) Q3 FY2016 Total: Q3 FY2015 Total: 1,003 1,047 Other Revenue Other Revenue 6% 5% Non Aero Non Aero Revenue Revenue 26% UDF 24% UDF 47% 47% Other Aero Other Aero Revenue Revenue 22% 23% 14

  16. Slide 16: Hyderabad International Airport: Financial Performance

    Hyderabad International Airport : Financial Performance Rs mn Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Aero Revenue * 653 217 206 1,080 595 Non Aero Revenue 911 870 827 2,597 2,409 Cargo Revenue Share 40 39 29 115 89 Gross Revenue 1,604 1,125 1,062 3,791 3,093 Less: Revenue Share 67 48 45 160 13

  17. Slide 17: Hyderabad International Airport: Operational Performance (Quarter)

    Hyderabad International Airport : Operational Performance (Quarter) 3.27 Passengers (Mn) 27.66 ATM ('000) 25.95 Domestic International Domestic International 3.01 5.29 23.97 5.18 0.81 4.74 2.71 0.76 22.37 20.77 0.69 19.22 Q3FY2016 Q2FY2016 Q3FY2015 ATMs grew 15% YoY Cargo ('000) Domestic Internation

  18. Slide 18: Hyderabad International Airport: Operational Performance (YTD)

    Hyderabad International Airport : Operational Performance (YTD) Passengers (Mn) ATM ('000) 77.73 Domestic International Domestic International 71.31 15.42 9.23 13.50 2.33 7.74 62.31 57.81 1.99 9MFY2016 9MFY2015 ATMs grew 9% YoY Cargo ('000) 85.38 Domestic International 6.90 77.26 5.75 47.07 44.68 38

  19. Slide 19: Hyderabad International Airport: Revenue Analysis (Rs per pax)

    Hyderabad International Airport : Revenue Analysis (Rs per pax) UDF Q3 FY2016 Total: Q3 FY2015 Total: 490 392 26% Other Revenue Other Aero 3% Revenue 14% Other Aero Revenue 19% Other Revenue 3% Non Aero Non Aero Revenue Revenue 57% 78% 18

  20. Slide 20: Energy Sector

    GAR Energy Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:

  21. Slide 21: Highlights

    Highlights  EBITDA increased by ~7x to Rs 5.8 bn for Q3FY16 from Rs 0.7 bn in Q3FY15 on account of improved performance of GMR Warora and Kamalanga plants o During the quarter, GMR Warora achieved a PLF of 77% while Kamalanga operated at a PLF of 75%  Gas-based plants: GMR Vemagiri Power Generatio

  22. Slide 22: Energy Sector Consolidated: Financial Performance

    Energy Sector Consolidated : Financial Performance Rs mn Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Power Generation 13,662 9,584 7,916 31,060 23,640 Coal Revenue 1,446 1,743 1,441 4,766 5,611 Power Trading and others 500 1,721 1,262 4,317 3,557 Gross Revenue 15,608 13,048 10,618 40,143 32,808 Fue

  23. Slide 23: Power Generation: Operational Performance

    Power Generation : Operational Performance PLF (%) Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 83% 77% 75%76% 75% 71% 68% 67% 52% 46% 27% 27% 19%16%19%19% 19% 22% 19% 16% 18% 18% 0% 0% 0% 0% 0% 0% 0% 0% GWEL Kamalanga Chhattisgarh Solar Vemagiri Rajahmundhry Net Generation (mn units) Q3FY2016 Q2FY2

  24. Slide 24: Highways Sector

    GAR Highways Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:

  25. Slide 25: Highlights

    Highlights  Revenue of the three toll projects increased by 6% during 9MFY 16 as compared to the corresponding period last year o Toll revenue increased by 12% in Ambala Chandigarh project o Toll revenue increased by 14% in Hungund Hospet project  Toll rates increased during the year on account of

  26. Slide 26: Highways Consolidated: Financial Performance

    Highways Consolidated : Financial Performance Rs mn Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Annuity Revenue 923 921 928 2,759 2,760 Toll Revenue 974 954 919 2,934 2,765 Others * 30 135 12 319 214 Gross Revenue 1,927 2,010 1,860 6,012 5,739 Less: Revenue Share 204 196 191 611 585 Net Revenue 1,7

  27. Slide 27: Toll Projects: Operational Performance

    Toll Projects : Operational Performance Total Revenue (Rs mn) Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 1,741 1,714 886 776 575 559 552 294 295 273 307 275 105 100 94 Hyderabad-Vijayawada Hungund-Hospet Ambala-Chandigarh Traffic pcu (mn) Q3FY2016 Q2FY2016 Q3FY2015 9MFY2016 9MFY2015 Hyderabad-Vija

  28. Slide 28: Thank You

    Thank You For further information, please visit Website: www.gmrgroup.in or Contact: investor.relations@gmrgroup.in 27

GMR Infrastructure — Q3 FY2016 Earnings Presentation on 6ix